The Subsidy Clause Samples

The Subsidy clause defines the terms under which one party provides financial assistance or support to another party within the context of the agreement. Typically, this clause outlines the amount, timing, and conditions for the subsidy payments, such as milestones that must be met or documentation that must be provided to receive funds. Its core practical function is to ensure both parties have a clear understanding of the financial support arrangement, reducing the risk of disputes over payment obligations and expectations.
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The Subsidy. As of the Effective Date of this Agreement, Owner acknowledges and agrees that Member has caused the disbursement of the proceeds of a subsidy to Owner in the amount of Dollars ($ ) (the “Subsidy”) in connection with the purchase or purchase in conjunction with rehabilitation of the Property.
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The Subsidy. 2.1 In consideration of the Recipient’s undertaking to conduct the Trial in accordance with the terms and conditions of this Agreement, the Government shall provide the Subsidy to the Recipient during the trial period of the Trial as stipulated in Schedule 1 to this Agreement in accordance with the terms and conditions of this Agreement. 2.2 The approved subsidy for each unit of Subsidized Product is set out in Schedule 2 to this Agreement (“the Approved Subsidy for each unit of a Subsidized Product”). 2.3 The actual subsidy for each unit of Subsidized Product (“the Actual Subsidy for each unit of a Subsidized Product”) refers to an amount which is calculated in accordance with the method to calculate the Subsidy for each unit of a Subsidized Product as set out in the 5th column of Schedule 2 to this Agreement. 2.4 The approved subsidy for the Recipient is set out in Schedule 2 to this Agreement (“the Approved Subsidy for the Recipient”) and is equal to the sum of the Approved Subsidy for each unit of each Subsidized Product times the total number of unit of such Subsidized Product. 2.5 The Government shall reimburse the amount paid by the Recipient for settlement of the cost of purchase and installation of a unit of a Subsidized Product which is purchased with the provision of the Subsidy in accordance with this Agreement upon receipt and verification of documents which are submitted by the Recipient to prove that the Recipient has settled the payment of the cost of purchase and installation of that unit of the Subsidized Product PROVIDED ALWAYS THAT (A) the total amount of reimbursement paid by the Government (including that of interim payments) for that unit of the Subsidized Product shall not exceed the Approved Subsidy for each unit of the Subsidized Product and shall not exceed the Actual Subsidy for each unit of the Subsidized Product; (B) the total amount of reimbursement paid by the Government (including that of interim payments) to the Recipient for all units of Subsidized Products which are purchased with the provision of the Subsidy in accordance with this Agreement (including that unit of Subsidized Product) shall not exceed the Approved Subsidy for the Recipient; (C) that unit of the Subsidized Product has been delivered to the Recipient and is Ready for Use; and (D) purchase and installation of a support system (such as a charging station) which has been described in the description of the Subsidized Product in Schedule 2 to this Agreement h...
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The Subsidy. 3.1. The Subsidy shall be used to subsidise the cost to the Qualifying Applicant of childcare services provided to eligible children on the basis of the terms and conditions set out in this Agreement. 3.2. The Subsidy shall be applied by the Approved Provider in compliance with the terms and conditions of this Agreement and with the Regulations. 3.3. The Approved Provider shall use the Subsidy to reduce the fees charged to Qualifying Applicants for the provision of such childcare services to Eligible Children. The Subsidy will be paid in respect of the hours of care per week registered on the Early Years Platform and approved by the Qualifying Applicant, subject to the maximum weekly hours awarded to the Qualifying Applicant. This does not preclude the Approved Provider from providing additional hours of childcare services to those children and charging Qualifying Applicants for those additional hours in line with published fees. 3.4. The Approved Provider is to notify the Scheme Administrator of any change or alteration to his or her contact details. 3.5. The Approved Provider shall comply with all requests and directions of the Scheme Administrator, or representatives or agents of the Scheme Administrator, relating directly or indirectly to Subsidies paid under the Scheme.
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The Subsidy. 5.1. The Subsidy shall be used to subsidise the cost to the Qualifying Applicant of childcare services provided to eligible children on the basis of the terms and conditions set out in this Agreement. 5.2. The Subsidy shall be applied by the Approved Provider in compliance with the terms and conditions of this Agreement and with the Regulations. 5.3. The Approved Provider shall use the Subsidy to reduce the fees charged to Qualifying Applicants for the provision of such childcare services to Eligible Children. The Subsidy will be paid in respect of the hours of care per week registered on the EY HIVE and approved by the Qualifying Applicant, subject to the maximum weekly hours awarded to the Qualifying Applicant. This does not preclude the Approved Provider from providing additional hours of childcare services to those children and charging Qualifying Applicants for those additional hours in line with published fees. 5.4. The Approved Provider is to notify the Scheme Administrator of any change or alteration to the constitution or status or any change or alteration to their contact details. 5.5. The Approved Provider shall comply with all requests and directions of the Scheme Administrator, or representatives or agents of the Scheme Administrator, relating directly or indirectly to Subsidies paid under the Scheme.
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Related to The Subsidy

  • Insurance Companies Insurance required hereunder shall be in companies duly licensed to transact business in the State of Washington, and maintaining during the policy term a General Policyholders Rating of ‘A-’ or better and a financial rating of ‘IX’ or better, as set forth in the most current issue of “Best’s Insurance Guide.”

  • Insurance Business All insurance policies issued by any Regulated Insurance Company are, to the extent required under applicable law, on forms approved by the insurance regulatory authorities of the jurisdictions where issued or have been filed with and not objected to by such authorities within the period for objection, except for those forms with respect to which a failure to obtain such approval or make such a filing without it being objected to, either individually or in the aggregate, has not had, and could not reasonably be expected to have, a Material Adverse Effect.

  • Tuition The Charter School shall not charge tuition or fees to its students except as may be authorized for local boards pursuant to O.C.G.A. § 20-2-133.

  • Affordable Housing Owner shall set aside and reserve ten percent (10%) of the total multifamily residential units located in the Project as affordable housing units consistent with the terms set forth herein, for Income Eligible Residents earning in the aggregate no more than sixty percent (60%) of AMI. The published income limits will be adjusted by household size. The income limits will be adjusted annually according to the HUD published limits. To that end, no fewer than the number of multifamily units in the Project set forth in the table below shall, pursuant to the terms and conditions of a Land Use Restriction Agreement (i.e., the “▇▇▇▇”) in substantially the form attached hereto as “Attachment 1” to this Schedule P and incorporated herein by reference. Capitalized terms used but not defined in this Schedule but which are defined in the ▇▇▇▇ shall have the same meaning herein as therein. Each Phase of the Project shall have no few than the number of Affordable Housing Units allocated to it in in the table below. The table is as follows: PHASES AFFORDABLE HOUSING UNITS ALLOCATED TO PHASE PHASE 1 446 PHASE 2 300 PHASE 3 240 986 PRO FORMA TOTAL MULTIFAMILY UNITS IN THE PROJECT 10% 99 TOTAL AFFORDABLE UNITS Each such Affordable Unit in a Phase will be made available for a period of time not less than twenty (20) years following the date on which the last multifamily building of a Phase receives a permanent certificate of occupancy (each, an “Affordable Housing Compliance Period”), to Income Eligible Residents as defined in the ▇▇▇▇. Such requirements shall be referred to with respect to each Phase as the “Affordable Housing Requirements.” The foregoing Affordable Housing Requirements will be set forth in the ▇▇▇▇ in such form as is consistent with the then applicable practices of ACC for similar affordable housing transactions, provided that such form does not alter the Affordable Housing Requirements set forth in this Agreement, permits transferability and release consistent with Section 12.4 hereof, and does not increase the obligations of Owner, its successors and assigns. The current form of ▇▇▇▇ is attached “Attachment 1” to this Schedule P. Upon approval of a subsequent form of ▇▇▇▇ by ACC and review and approval by the Owner consistent with the foregoing, the subsequent form of the ▇▇▇▇ may be affixed hereto as “Attachment 1” to this Schedule P without further amendment to this Agreement. The ▇▇▇▇ shall be recorded in the Athens-▇▇▇▇▇▇ County land records in customary fashion upon the submission of the initial and Requisition and shall be recorded only against the applicable parcel on which such units are constructed. The Affordable Housing Requirements are part of this Agreement, and the failure by Owner to comply with same shall be an Event of Default under this Agreement. The Affordable Housing Requirements shall terminate with respect to each such Phase of the Project, respectively, upon conclusion of the Affordable Housing Compliance Period for such Phase as set forth in the applicable ▇▇▇▇. For purposes of compliance with O.C.G.A. §44-5-60, the parties understand and agree that no ▇▇▇▇ will have a period greater than 20 years, but that this Agreement shall automatically terminate upon the expiration of a ▇▇▇▇ if simultaneously therewith Owner does not enter into a new, replacement ▇▇▇▇ that extends for the lesser of 20 years or the period necessary that the 20 year Affordability Housing Requirements are satisfied on a cumulative basis.

  • Long Term Care Insurance The University offers full-time faculty the opportunity to purchase Long-Term Care Insurance through a voluntary Long-Term Care Insurance policy. Faculty members are responsible for 100% of the premium, which may be remitted through payroll deduction.